RE: RE: RE: CCO leading the U sector decline There is lot BS going on in the media & by analysts / institutional investors plus the U companies are hyping the sector. Investors that are holding the bag are pumping the sector & painting a rosy picture. .
The reality is.
U prices are now at $47 they have been slipping after being stagnant around $52. CCO & UUU holding huge inventories. Coming CCO results very important. If their is no drop in inventories then there is more trouble in U sector & U prices will drop further. do you think that U stocks will go up when U308 prices are dropping. ?
CCO is getting oversold there might be a oversold trade. Not buy & hold until you see drop in inventories & reversal in u308 prices.
If overall markets take a run then there will be some hope. U stocks are going to under perform. If there is a overall market sell off watch out.
CCO just hit new intra day low of $19.29. Maybe consider oversold trade